CBN Reconstitutes Keystone Bank’s Board With New Appointments

The Central Bank of Nigeria (CBN) has reconstituted the board of directors for Keystone Bank, in a strategic move aimed at driving sustained growth for the financial institution. This was announced on Wednesday, marking a significant reshuffling at the leadership level of the bank. The new board members bring a wealth of expertise and experience from various sectors, enhancing the bank’s capacity to navigate the evolving financial landscape.

Lady Ada Chukwudozie has been appointed as the new Chairman of the Board, alongside five other non-executive directors. These include Abdul-Rahman Esene, Mrs. Fola Akande, Akintola Ayodeji Olusoji, Obijiaku Samuel, and Senator Farouk Bello. Additionally, the CBN named two new executive directors—Ladi Oluwole and Abubakar Usman Bello—who are expected to play key roles in the bank’s operational leadership.

Lady Ada Chukwudozie is a well-known figure in Nigeria’s corporate space, with nearly 30 years of experience in business strategy, management, and administration. Her vast expertise spans multiple industries, including her roles at De-Endy Industrial Company Limited, Dozzy Group, the Manufacturers Association of Nigeria, and Vogue Afrique Magazine. She brings a deep understanding of corporate governance and strategic planning to her new position at Keystone Bank.

Among the other non-executive directors, Abdul-Rahman Esene stands out with over 43 years of experience in banking, investment management, and corporate finance. He has held significant leadership positions at institutions such as Fidelity Bank, Afrinvest, and Global Arbitrage International Inc. Mrs. Fola Akande, a legal and risk management expert, has a career spanning more than 25 years, having worked with global brands like Cadbury, Stanbic Chartered Bank, and Shell.

Akintola Ayodeji Olusoji adds over 30 years of experience in accounting, finance, and business development. His career includes stints at Sterling Bank, Access Bank, and Intercontinental Bank, where he distinguished himself in various leadership roles. Obijiaku Samuel, who boasts over 35 years in banking and treasury operations, has made significant contributions to Nigeria’s financial sector through his previous work with Zenith Bank and Fidelity Bank.

Senator Farouk Bello brings a unique blend of public and private sector experience to the board, having led initiatives in the National Assembly and held key roles at Guaranty Trust Bank. His extensive experience in both banking and governance will undoubtedly strengthen Keystone Bank’s strategic direction.

The two new executive directors, Ladi Oluwole and Abubakar Usman Bello bring their respective areas of expertise to the bank’s leadership team. Ladi Oluwole, who will serve as the Executive Director of Risk Management, has over 20 years of experience in credit and enterprise risk management, having previously worked at Bank of America. Abubakar Usman Bello, the new Executive Director for the Northern Directorate, has a solid background in managing corporate, retail, and public sector clients, bringing his in-depth knowledge of the financial industry to the bank.

Hassan Imam, Managing Director and CEO of Keystone Bank expressed his confidence in the new board members, highlighting the crucial role they will play in the bank’s continued growth. “We are pleased to welcome the new chairman, non-executive directors, and executive directors to the board of Keystone Bank. We are confident that their extensive experience will be invaluable as we continue to reposition the bank to seize emerging economic opportunities while maintaining strong corporate governance and providing our customers with a secure and reliable banking experience,” Imam stated.

The reconstitution of the board is part of Keystone Bank’s broader strategy to strengthen its corporate governance framework, boost operational efficiency, and position the bank for long-term growth in Nigeria’s dynamic financial sector. The new leadership is expected to steer the bank toward greater innovation, enhanced customer service, and improved financial performance in the years ahead.